FACTBOX-Obama and McCain proposals for U.S. economy
(Reuters) - The U.S. presidential election in November looks increasingly like a face-off between Democrat Barack Obama and Republican John McCain.
Obama, an Illinois senator, is less than 100 delegates shy of capturing the Democratic nomination after his showing in the latest primary elections, and McCain, an Arizona senator, is the presumptive Republican nominee.
Trouble in the subprime mortgage market has led to a wave of home foreclosures and a broader economic slowdown, heightening voter anxiety before the November election.
Following are some of Obama's and McCain's plans to revive the sagging U.S. economy:
DEMOCRATIC ILLINOIS SEN. BARACK OBAMA
* Called for greater government regulation of the U.S. financial system and proposed a new $30 billion (15.2 billion pound) economic stimulus plan to help homeowners.
* The $30 billion plan includes a $10 billion foreclosure prevention fund to help people keep their homes. It also includes $10 billion in relief for state and local governments hit hardest by housing crisis.
* Outlined six "core principles for reform" that would give the Federal Reserve supervisory authority over any financial institution to which it might make credit available and calls for reform and streamlining of financial regulatory agencies.
* Wants to repeal a provision in bankruptcy law so ordinary families can modify terms of home mortgages. Continued...






